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PS4 To Be Announced At E3 2013? (Rumored)

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With video game sales in a slump - down by 11% from a year prior according to some reports - as well as the lackluster debut of the new Nintendo Wii U titles, with only Super Mario really selling well, are gamers ready for the next generation of consoles?

Well, the new PS4 might be here sooner rather than later as the Gamespot Magazine, Game Informer, says the PS4 is "gaining steam."

In their latest issue, which was sent out to households this week, Game Informer says we might be getting an announcement for the PS4 before E3 2013.

Citing multiple sources, VG247 says that developers have been receiving PlayStation 4 dev kits, with the final version expected some time next summer. Furthermore, U.S. developers have met with Sony, which is briefing them about the system, codenamedOrbis. The machine is said to have, among other features, a Blu-Ray drive and a new user interface that lets you use the system's menu (like the PSN store) without having to quit out of your game. The system is expected to be announced right before E3, which is in mid-June.

Among some of the more prolific PS4 rumors is that the new system will be made available for Christmas 2013, will feature 4-D and 3D graphics, will not be backwards compatible with thePS3, and will attempt to eliminate the second-hand video game market of trading in games, going some sort of digital route similar to PC.